Pacific Crest Bank in WA Offers $125 Checking Bonus

At Pacific Crest Bank in Washington, new customers can take advantage of a new offer for opening a checking account. When you sign up for a new free checking account, sign up for direct deposit and make five debit card purchases, you will receive a $125 bonus deposited into your new account. The promotion began last week and new customers can take advantage of it through June 30. Here are some details of Pacific Crest Bank’s new promotion:

• Your direct deposit can come from either a pension, social security or payroll check.
• You must have at least a $100 minimum deposit to qualify for the promotion.
• The new customer will have $75 deposited into their account within ten business days after the first direct deposit goes through.
• The additional $50 will be put into the new checking account once the new customer has completed five debit card transactions.
• If you close your account within six months after opening it, the bonus money will be taken out.
• The bank reports the $125 bonus as income to the IRS on a 1099-NT form so be sure to make note of this when doing your taxes.

The Pacific Crest Bank is also offering a high-interest rate checking account without a reward. When you open a new checking account with at least $10,000, you can get 1.50% APY. If you deposit less than $10,000, you will be charge $15 per month. The 1.50% APY is almost unheard of with checking accounts like this. Take advantage of this offer while you still can!